Meta plans to introduce a new class of non-voting shares that could fund artificial-intelligence investment without diluting Mark Zuckerberg’s voting control, BlockBeats reported on Oct. 22, citing a Semafor report.
Planned use of new shares
The report said Meta could use the shares for acquisitions, recruiting senior AI talent and paying for chips. The plan would create a financing channel while preserving Zuckerberg’s stated control position; the flash did not provide an issuance size or timetable.
Spending context
BlockBeats said Meta had raised the lower end of its capital-expenditure guidance from $130 billion to $135 billion, with a $145 billion upper end. Third-quarter capital spending exceeded $40 billion, versus less than $19 billion a year earlier, while free cash flow was negative $2.12 billion compared with positive $10.63 billion in the prior-year quarter.
The share plan and spending figures are reported information rather than a completed issuance or an investment recommendation. Investors should consult Meta’s official filings for final terms.